Weekly view: We reiterate index to trade positive for target of 8800/9000 with support at August 12, 2016
|
|
- Percival Martin
- 7 years ago
- Views:
Transcription
1 August 12, 201 Weekly view: We reiterate index to trade positive for target of 8800/9000 with support at 8500 Research analyst Amit Gupta Azeem Ahmad Raj Deepak Singh Nandish Patel c secu es co
2 Deal Weekly Team Recommendations At Your Service Reliance Industries (RELIND) : Carried forward Buy Reliance Industries August Future in the range of Target Stop Loss 979 Rationale: After witnessing intermediate profit bookings since mid-july, Reliance Industries seems to be making an attempt towards its higherh band of The first trigger in the form of closure of short OTM Call options is visible ibl in strikes ranging from The short covering trend has continued in the stock from the time it bottomed out near 940 in June. Since then, there has been short closure of 15%. Looking at the current OI trend, there is scope for further short covering. Hence, we recommend buying the stock for a target price of
3 The Week Gone By
4 Consolidation continues near Deal Team At Your Service The Nifty managed to end the week almost flat as buying was seen on Friday. Theindexerodedmostlossesoffirst three sessions of the week. Profit booking post the unchanged monetary policy was arrested near our stated support of 8550 and Nifty witnessed another round of up move from these levels. Sectorally, apart from technology and FMCG most sectors witnessed profit booking. Banking and pharma indices have closed the week in red. The mid cap index managed to close the week almost flat while small cap index closed the week with the loss of 2%. The volatility index moved even lower during the week and on closing basis Index VIX closed at the lowest level of 201 at The low level of volatility indicates expectations of limited downsides in Nifty. We believe only a sustained move above levels may trigger some profit booking in equities. FIIs inflows continue to provide support as Nifty consolidated around 800 levels. They bought more than 2200 crore in equity space. The continuous inflow in equities and debt markets helped INR to show significant resilience and INR closed the week almost flat. Major positive moves were seen in Adani Ports (10%), Tata Power (5.5%), SBI (4.5%), Axis Bank (4.1%) and TCS (3.53%) Major laggards of last week were Grasim(-13.1%), Idea (-11.%), Lupin(-5.7%), Bharti Infratel (-5.4%) and Sun Pharma (-5.1%) Nifty highlights hli h Week on week Spot Fut Basis Tot Fut OI PCR OI PCR Vol ATM IV (%) Current ,998, Previous ,7, Change (%) (0.1) (0.3) * Nifty total futures OI mentioned in the current field is the provisional figure 4
5 Outlook for coming week
6 Trade positive for target of 8800/9000 with support at 8500 As mentioned last week, the Nifty is likely to trade with a positive bias with major support at 8500, which is the highest Put base. Some consolidation in the index cannot be ruled out as the major domestic events are already over. The highest Call base for the index is placed at the 9000 strike, which remains the likely positional target in coming weeks Immediate support for the index in the coming week is placed at 800. Above this level, the index is expected to trade with a positive bias and stock specific moves would continue amidst the quarterly results outcome. Nifty futures have started the August series with quite high open interest base. The current OI is the highest since March These are long positions that have been carried forward at higher roll spread. We have not seen any major liquidation in the Nifty futures yet. Robust FII inflows have resulted in the sustenance of the markets at these levels. The continuance of the same would result in Nifty holding above 800 levels. l Sectors like Auto, FMCG and finance have been performing well. The midcap stocks from these sectors can be looked at from a buying perspective. Nifty options build-up up for August series 7 Call OI Put OI 5 OI in Millions
7 Bank Nifty : Target at with support at The index remained subdued and witnessed stiff hurdle above the sizeable Call base of However, for the week, it ended almost flat after hovering around levels. The support of remained intact. Even after a leg of profit booking the index remained firm above these levels. The selling in PSU banks got arrested after the SBI quarterly numbers, which rallied close to 10% post the result announcement Going forward, the key pivotal level is the Call base of The open interest in Call strike remains intact however, on the future side some closure of positions was seen. We feel with support of recent lows, the Bank Nifty index is well placed to test the highest call base levels of and the participation is likely to continue in mid-cap banking stocks along with Axis Bank and select PSU banks. The price ratio of Bank Nifty/Nifty has witnessed a strong support near 2.1 levels and on the back of participation by banking stocks, the ratio again saw a rally towards 2.19 levels. We feel, the rally in select banking stocks is likely to continue which will provide cushion to Bank Nifty index and on the higher side, the ratio is likely to retest the levels of 2.22 Bank Nifty options build-up for August series Call OI Put OI
8 Deal Robust Team FII buying At continued Your Service in equity segment During the week, strong FII inflows continued in emerging markets and it helped them to stay resilient despite of sharp surge in price volatility for crude. During the week, FIIs poured in over US$337 million (10% higher than inflows of last week of US$300 million). Strong inflows in other EMs is also visible, led by Taiwan, Indonesia and South Korea with inflows of US$501, US $470 million and US$301 million, respectively In index futures also, FIIs long creation continued albeit at a lower pace. The Nifty has started the August series with higher open interest in comparison to the last couple of series but long index future trend continued and FII index future buying was over US$ 170 million in the week under review. With the Nifty at the highest level in over a year, the hedging quantum via buy index option is picking up. In the week the FIIs bought Index options worth over US $ 577 million Despite the rate hikes hope alive in the US markets the Dollar Index continued to face resistance at higherh levelsl as the rate hike expectation for September meeting has still not risen sharply. The softness in dollar is fuelling the riskon sentiment for EM asset classes and the focus on EM s could continue as the European markets are still in weak mode and the commodity prices are still holding up. FII buying continues in cash segment FII fund inflow seen in EMs FII DII Date Index Fut Stock Fut Index Opt Cash Cash 5-Aug Aug Aug Aug Aug In US $ mil llion Taiwan Korea S Th hailand Indo onesia India Phillip ppines Brazil 8
9 S&P 500: Target at 2200 with support at 2150 Deal Team At Your Service S&P 500: Target at 2200 while support is at 2150 S&P consolidated at record highs during the week. The index is up 3.5% already for the July series. With a strong set of 7 data and stable set of Q2 numbers, the index is likely to move higher 5 The options space for the August series is showing a target of levels while 2150, looks like the immediate support 2 level. 1 As expected US Fed kept the rates unchanged. which would 0 support equity markets OI Millions S&P: Key support near 2150 Call OI Put OI Dax : immediate support Dax: Likely to move towards The Dax has been able to recover above crucial levels of We expect the index would find support at these levels. The highesth Call base for August series was placed at and the index has come above this level, which is leading to short covering in the short-term OI in Th housands Call OI Put OI
10 Deal Dollar weakens Team as At rate Your hike probability Servicefalls, rupee is expected to gain on higher FII flows For the week, US dollar lost against most of the currencies with Dollar index at levels from 9.19 last week as even on upbeat August employment data as global concerns continue to linger. GBP continues to extend losses against US Dollar at levels from as weaker manufacturing data & Brexit concerns continue to weigh. We expect GBP to face resistance at for levels. We suggest to short GBPINR at 88.0 for with stop above 89.0 During week 7 Call OI has seen some liquidation while position build up is observed in 7.50 Call OI which is highest Call OI. While.50 Put OI has also seen some closure. In futures also, OI was seen gaining as rupee strengthened below 7 levels. F&O structure set up suggests rupee will gain support on weakening near We suggest going short in US$INR August future near 7.50 with stops above 8.10 for target of.50. US$INR August series options build-up EM & DM Currency performance Currency cmp 5/8/201 % change status Indonesia Rupiah Appreciated Phillipines Peso Appreciated Brazilian Real Appreciated S.African Rand Appreciated Turkish Lira Appreciated Taiwan Dollar Appreciated Thailand Bhat Appreciated India Rupee Depreciated Taiwan Dollar Appreciated Russia Ruble Appreciated Swiss Franc Appreciated Chinese Yuan Appreciated Canadian Dollar Appreciated Austrailian Dollar Appreciated UK GBP Depreciated Eurozone Euro Appreciated Japanese Yen Depreciated S. Korean WON Appreciated US$INR future price and OI chart 8 Options OI in 00's Calls OI Put OI Futures OI in 000's May-1 23-May-1 30-May-1 -Jun-1 13-Jun-1 20-Jun-1 27-Jun-1 Fut OI 4-Jul-1 11-Jul-1 18-Jul-1 INR fut 25-Jul-1 1-Aug-1 8-Aug
11 Deal Stock Team options OI At activity. Your Service Top liquid stock options High Open Interest Additions Calls Puts Stock Expiry Strike OI in Contract Chg in OI Stock Expiry Strike OI in Contract Chg in OI LUPIN 25-Aug , MARUTI 25-Aug LT 25-Aug , RELIANCE 25-Aug , SUNPHARMA 25-Aug 820 1, ASHOKLEY 25-Aug HEROMOTOCO 25-Aug HCLTECH 25-Aug IDEA 25-Aug TCS 25-Aug High Open Interest Closures Calls Puts Stock Expiry Strike OI in Contract t Chg in OI Stock Expiry Strike OI in Contract t Chg in OI LUPIN 25-Aug BHARATFORG 25-Aug BANKBARODA 25-Aug UNIONBANK 25-Aug HEROMOTOCO 25-Aug YESBANK 25-Aug AXISBANK 25-Aug MARUTI 25-Aug HINDALCO 25-Aug PNB 25-Aug
12 Deal Stock Team Futures Scanner At Your. Service Long build-up Stock Current OI CMP % Chg in OI % Chg in price AJANTA PHARMA % 3.11% STATE BANK IND % 4.9% AXIS BANK LTD % 3.84% SRF LTD % 2.93% PAGE INDUSTRIES % 0.34% Short build-up Stock Current OI CMP % Chg in OI % Chg in price EXIDE INDUS LTD % -1.33% GRASIM INDS LTD % % ADITYA BIRLA NUV % % OIL INDIA LTD % -2.15% LUPIN LTD % -.21% Long closure Stock Current OI CMP % Chg in OI % Chg in price CONTAINER CORP % -2.70% TORRENT PHARMA % -3.28% CADILA HEALTHCAR % -2.14% WOCKHARDT LTD % -20.7% ALLAHABAD BANK % -5.03% Short covering Stock Current OI CMP % Chg in OI % Chg in price UPL LTD % 2.20% SIEMENS LTD % 1.1% BHARAT FORGE CO % 0.91% COAL INDIA LTD % 2.38% JUBILANT FOODWOR % 1.48% 12
13 Deal Forthcoming Team Events At Your Service India: 012 August: Imports and Exports YoY 1 August: Quarterly Numbers: Power Grid 19 August: Quarterly Numbers: Tata Steel Limited (E) China: 12 August: Foreign Direct Investment YoY US: 15 August: : Empire Manufacturing, NAHB Hosuing Market Index 1 August : Total Net TIC Flows< Housing Starts, CPI MoM, CPI YoY, Capacity Utilisation and Industrial Production MoM 17 August: MBA Mortgage Applications 18 August: Initail Jobless Claims, Continuing Claims and Leading Index Euro zone: 1 August : ZEW Survey Expectations 18 August : CPI MoM and YoY and CPI Core YoY UK: 1 August : CPI MoM and YoY, CPI Core YoY, Retail Price Index, RPI MoM and YoY, PPI MoM and YoY 17 August: Claimant Count Rate, Jobless Claims, ILO Unemployment Rate 18 August: Retail Sales Ex Auto Fuel MoM and YoY and Retail Sales Inc Auto Fuel (MoM and YoY) 19 August: PSNB Ex Banking Groups 13
14 Portfolio allocation in Derivatives Products It is recommended to spread out the trading corpus in a proportionate p manner between the various derivatives research products Please avoid allocating the entire trading corpus to a single stock or a single product segment Within each product segment, it is advisable to allocate equal amount to each recommendation. For example: The Daily Derivatives product carries two intraday recommendations. It is advisable to allocate equal amount to each recommendation Quant Picks recommendations should be considered in cash segment and stoploss on closing basis. Time frame for these recommendations is 3 month. Allocation Return Objective Product wise Max allocation Frontline Mid-cap Products allocation per stock Number of Calls Stocks stocks Duration Daily Derivatives 5% 2-3% 2 Stocks 1% 2-3% Intraday Weekly Derivatives 10% 3-5% 2 Stocks 3-5% 5-7% 1 Week Monthly Derivatives 15% 3-5% 4-7 Stocks 7-10% 10-15% 1 Month Global Derivatives 5% 2-3% 23% stocks - - 1Month Quant Picks 15% 2-3% -8 stocks 7-10% 10-15% 3 Months Alpha Trader 10% 2-3% 2-3 strategy 5% Month Volatility Insights 10% 2-3% 3-4 Strategy 8-10% 10-15% 1-2 Month Arbitrage Opportunity 5% 2-3% 2-3 Stocks > 2.5% >2.5% Event Based Short term Futures 5% 2-3% 8-12 Stocks 1-3% 2-5% 1-2 days Positional Index Strategy 5% 3-4% 2-4 Index calls days Stock option strategy 5% 3-4% 2-8 Stocks - 3-5% 1-2 days Daily Currency Future 5% 3-4% 3-5 Calls days Monthly Currency Futures 5% 3-4% 34% Calls Month 14
15 Pankaj Pandey Head Research ICICIdirect.com Research Desk, ICICI Securities Limited, 1 st Floor, Akruti Trade Centre, Road no.7, MIDC Andheri (East) Mumbai research@icicidirect.com 15
16 Disclaimer ANALYST CERTIFICATION We /I, /, Amit Gupta B.E, MBA (Finance), Raj Deepak Singh BE, MBA (Finance), Azeem Ahmad MBA (Fin) Research Analysts, authors and the names subscribed to this report, hereby certify that all of the views expressed in this research report accurately reflect our views about the subject issuer(s) or securities. We also certify that no part of our compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or view(s) in this report. Terms & conditions and other disclosures: ICICI Securities Limited (ICICI Securities) is a Sebi registered Research Analyst having registration no. INH ICICI Securities Limited (ICICI Securities) is a full-service, integrated investment banking and is, inter alia, engaged in the business of stock brokering and distribution of financial products. ICICI Securities is a wholly-owned subsidiary of ICICI Bank which is India s largest private sector bank and has its various subsidiaries engaged in businesses of housing finance, asset management, life insurance, general insurance, venture capital fund management, etc. ( associates ), the details in respect of which are available on ICICI Securities is one of the leading merchant bankers/ underwriters of securities and participate in virtually all securities trading markets in India. We and our associates might have investment banking and other business relationship with a significant percentage of companies covered by our Investment Research Department. ICICI Securities generally prohibits its analysts, persons reporting to analysts and their relatives from maintaining a financial interest in the securities or derivatives of any companies that the analysts cover. The information and opinions in this report have been prepared by ICICI Securities and are subject to change without any notice. The report and information contained herein is strictly confidential and meant solely for the selected recipient and may not be altered in any way, transmitted to, copied or distributed, in part or in whole, to any other person or to the media or reproduced in any form, without prior written consent of ICICI Securities. While we would endeavour to update the information herein on a reasonable basis, ICICI Securitiesis under no obligation to update or keep the information current. Also, there may be regulatory, compliance or other reasons that may prevent ICICI Securities from doing so. Non-rated securities indicate that rating on a particular security has been suspended temporarily and such suspension is in compliance with applicable regulations and/or ICICI Securities policies, in circumstances where ICICI Securities might be acting in an advisory capacity to this company, or in certain other circumstances. This report is based on information obtained from public sources and sources believed to be reliable, but no independent verification has been made nor is its accuracy or completeness guaranteed. This report and information herein is solely for informational purpose and shall not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments. Though disseminated to all the customers simultaneously, not all customers may receive this report at the same time. ICICI Securities will not treat recipients as customers by virtue of their receiving this report. Nothing in this report constitutes investment, legal, accounting and tax advice or a representation that any investment or strategy is suitable or appropriate to your specific circumstances. The securities discussed and opinions expressed in this report may not be suitableforallinvestors,whomustmaketheirowninvestment decisions, based on their own investment objectives, financial positions and needs of specific recipient. This may not be taken in substitution for the exercise of independent judgment by any recipient. The recipient should independently evaluate the investment risks. The value and return on investment may vary because of changes in interest rates, foreign exchange rates or any other reason. ICICI Securities accepts no liabilities whatsoever for any loss or damage of any kind arising out of the use of this report. Past performance is not necessarily a guide to future performance. Investors are advised to see Risk Disclosure Document to understand the risks associated before investing in the securities markets. Actual results may differ materially from those set forth in projections. Forward-looking statements are not predictions and may be subject to change without notice. ICICI Securities or its associates might have managed or co-managed public offering of securities for the subject company or might have been mandated by the subject company for any other assignment in the past twelve months. ICICI Securities or its associates might have received any compensation from the companies mentioned in the report during the period preceding twelve months from the date of this report for services in respect of managing or co-managing public offerings, corporate finance, investment banking or merchant banking, brokerage services or other advisory service in a merger or specific transaction. 1
17 ICICI Securities or its associates might have received any compensation for products or services other than investment banking or merchant banking or brokerage services from the companies mentioned in the report in the past twelve months. ICICI Securities encourages independence in research report preparation and strives to minimize conflict in preparation of research report. ICICI Securities or its analysts did not receive any compensation or other benefits from the companies mentioned in the report or third party in connection with preparation of the research report. Accordingly, neither ICICI Securities nor Research Analysts have any material conflict of interest at the time of publication of this report. It is confirmed that Amit Gupta B.E, MBA(Finance), Raj Deepak Singh BE, MBA(Finance), Azeem Ahmad MBA (Fin), Research Analysts of this report have not received any compensation from the companies mentioned in the report in the preceding twelve months. Compensation of our Research Analysts is not based on any specific merchant banking, investment banking or brokerage service transactions. ICICI Securities or its subsidiaries collectively or Research Analysts do not own 1% or more of the equity securities of the Company mentioned in the report as of the last day of the month preceding the publication of the research report. Since associates of ICICI Securities are engaged in various financial service businesses, they might have financial interests or beneficial ownership in various companies including the subject company/companies mentioned in this report. It is confirmed thatt Amit Gupta B.E, MBA(Finance), Raj Deepak Singh BE, MBA(Finance), Azeem Ahmad MBA (Fin), Research Analysts do not serve as an officer, director or employee of the companies mentioned in the report. ICICI Securities may have issued other reports that are inconsistent with and reach different conclusion from the inf,ormation presented in this report. Neither the Research Analysts nor ICICI Securities have been engaged in market making activity for the companies mentioned in the report. We submit that no material disciplinary action has been taken on ICICI Securities by any Regulatory Authority impacting Equity Research Analysisactivities. iti This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject ICICI Securities and affiliates to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction. 17
Quant Picks United Breweries
October 6, 2015 Quant Picks United Breweries Research Analyst Amit Gupta amit.gup@icicisecurities.com Raj Deepak Singh rajdeepak.singh@icicisecurities.com Azeem Ahmad azeem.ahmad@icicisecurities.com i
More informationResearch Analysts. April 8, 2016. West Coast Paper Mills WESCOA Buy in the range of 75-78 96.00 68.00
Stocks on the move Scrip IDi I-Direct tcode Action Target Stoploss West Coast Paper Mills WESCOA Buy in the range of 75-78 96.00 68.00 Time Frame: 3 Months Research Analysts Dharmesh Shah dharmesh.shah@icicisecurities.com
More informationGraphite Electrodes. Imposition of antidumping duty augurs well. Sector Update. ICICI Securities Ltd Retail Equity Research.
Sector Update Rating matrix Target price Company Old New CMP Potential Upside HEG 225 275 238 19% Graphite India 85 15 91 18% Target period 12-15 months Price performance (%) Return % 1M 3M 6M 12M HEG
More informationResearch Analysts. June 30, 2016. Lupin LUPIN Buy in the range of 1520.00-1550.00 1770.00 1388.00
Stocks on the move Scrip IDi I-Direct tcode Action Target Stoploss Lupin LUPIN Buy in the range of 1520.00-1550.00 1770.00 1388.00 Time Frame: 3 Months Research Analysts Dharmesh Shah dharmesh.shah@icicisecurities.com
More informationResearch Analysts. Granules GRANUL Buy in the range of 142.00-146.00 168.00 133.00 EID Parry EIDPAR Buy in the range of 128.00-134.00 170.00 121.
Stocks on the move Scrip IDi I-Direct Code Action Target Stoploss Granules GRANUL Buy in the range of 142.00-146.00 168.00 133.00 EID Parry EIDPAR Buy in the range of 128.00-134.00 170.00 121.00 Time Frame:
More informationResearch Analysts. September 30, 2015
Stocks on the move Scrip I-Direct Code Action Target Stoploss Hitachi Home and Life Solutions AMTAPP Buy in the range of 1380.00-1400.00 1640.00 1280.00 Time Frame: 3 Months Research Analysts Dharmesh
More informationGladiator Stocks: Phillips Carbon Black (PHICAR) Time Frame: Six months
Gladiator Stocks: Phillips Carbon Black (PHICAR) Time Frame: Six months CMP: 160.00 00 Buying Range: 155.00-160.00 160 Target: 196.00 Stop loss: 137.00 Upside: 25% Stock Data 52 Week High / Low 162.95/80
More informationGujarat State Petronet Ltd. INR 135
Jan-15 Mar-15 May-15 Jul-15 Sep-15 Nov-15 Jan-16 India Equity Institutional Research Oil & Gas RESULT UPDATE Gujarat State Petronet Ltd. INR 135 Growth in volumes to propel earnings Accumulate Gujarat
More informationMOSt Market Outlook 1st, July 2016
Nifty Chart Nifty Outlook Nifty Fut. R1 R2 S1 S2 8326 8345 8380 8300 8160 'Nifty saw a strong recovery from the low of the weekly Spinning Top formation. For the ongoing momentum to sustain, follow up
More informationTechnical & Derivatives Report
Sensex (24492) / Nifty (7438) Yesterday, our markets opened on a subdued note as compared to Monday s close. Subsequently, we witnessed a range bound action within merely 60 points on Nifty throughout
More informationSupport CNX Nifty 7564 7425 139 1.87% S1 7428 Nifty Future 7568 7448 120 1.61% S2 7407 Prem / Disc 5 24 S3 7275 PCR (OI) 1.14 1.11
EAGLE i 1 Feb 16 29-Jan 28-Jan Chg % Chg Support CNX Nifty 7564 7425 139 1.87% S1 7428 Nifty Future 7568 7448 120 1.61% S2 7407 Prem / Disc 5 24 S3 7275 PCR (OI) 1.14 1.11 Pivot PCR (Vol) 0.89 0.99 7514
More informationMorning Moves 22 nd June, 2016 DERIVATIVES INSIGHT
Morning Moves Research Desk Stock Broking 22 nd June, 2016 Global Indices Global Indices Market (Close) (Pts) Chg (%) SGX Nifty 8,202.00-18.50-0.23 Dow Jones 17,829.73 24.86 0.14 NASDAQ 4,843.76 6.55 0.14
More informationTrading Today. September 02, 2010. > From Our Technical Desk. > From The Dealing Desk. > Statistical Data. From Our Technical Desk
Emkay Trading Today Trading Today Your success is our success Equity Advisory September 02, 2010 Indices Indices Today s close % chg Sensex 18,205 1.31 Nifty 5,471 1.29 S&P CNX 500 4,603 1.46 BSE 500 7,394
More informationGAIL (India) Ltd. INR 346
Feb-15 Apr-15 Jun-15 Aug-15 Oct-15 Dec-15 Feb-16 India Equity Institutional Research Oil & Gas RESULT UPDATE GAIL (India) Ltd. INR 346 Good performance; Near term outlook looks stable BUY GAIL reported
More informationDerivatives Weekly DERIVATIES DESK. Outlook: Outlook: Sell in May and Go Away! DOLAT CAPITAL. Brief Outlook :
18-Mar-16 21-Mar-16 22-Mar-16 23-Mar-16 28-Mar-16 29-Mar-16 30-Mar-16 31-Mar-16 1-Apr-16 4-Apr-16 5-Apr-16 6-Apr-16 7-Apr-16 8-Apr-16 11-Apr-16 12-Apr-16 13-Apr-16 18-Apr-16 20-Apr-16 21-Apr-16 22-Apr-16
More informationLKP Research. SECTORAL OUTPERFORMANCE / UNDERPERFORMANCE w.r.t BENCHMARK. STOCK PERFORMANCE :- Top Gainers. STOCK PERFORMANCE :- Top Losers
EAGLE i 16 Dec 15 15-Dec 14-Dec Chg % Chg Support CNX Nifty 7701 7650 51 0.66% S1 7637 Nifty Future 7709 7668 41 0.54% S2 7628 Prem / Disc 9 18 S3 7567 PCR (OI) 0.91 0.87 Pivot PCR (Vol) 0.83 0.83 7677
More informationKey Market Data Points. Sentiment Indicators MARKET BREADTH
Market Recap After a mild correction in the past couple of sessions the domestic market underwent a consolidation phase during the first half of today s session. The benchmark indices traded in an extremely
More informationTechnical & Derivatives Report
Sensex (27002) / Nifty (8270) Yesterday, our markets opened on a flat note citing to muted global cues and remained sideways in first half. However, a flurry of buying interest in the latter half pushed
More informationSupport CNX Nifty 8119 7951 168 2.12% S1 8023 Nifty Future 8133 7977 156 1.95% S2 8008 Prem / Disc 14 26.1 S3 7913 PCR (OI) 1.18 1.
EAGLE i 06 Oct 15 5-Oct 1-Oct Chg % Chg Support CNX Nifty 8119 7951 168 2.12% S1 8023 Nifty Future 8133 7977 156 1.95% S2 8008 Prem / Disc 14 26.1 S3 7913 PCR (OI) 1.18 1.07 Pivot PCR (Vol) 1.10 0.98 8084
More informationINDEX PULLERS & DRAGGERS
Market Recap The benchmark indices closed flat after a choppy session today. The participants remained cautious ahead of the January derivative expiry and the minutes from the US fed. As a result, the
More informationKhambatta Securities Ltd.
Attractive Valuation Strong Buy Sector : Bank Private Target Price : Rs 284 Current Market Price : Rs 230 Market Cap : Rs 1,337 bn 52-week High/Low : Rs 393/216 Daily Avg. Volume : 13.88 mn Shares in issue
More informationSupport CNX Nifty 7838 7807 31 0.40% S1 7864 Nifty Future 7853 7827 25 0.32% S2 7872 Prem / Disc 15 20.6 S3 7924 PCR (OI) 0.70 0.
EAGLE i 18 Nov 15 17-Nov 16-Nov Chg % Chg Support CNX Nifty 7838 7807 31 0.40% S1 7864 Nifty Future 7853 7827 25 0.32% S2 7872 Prem / Disc 15 20.6 S3 7924 PCR (OI) 0.70 0.68 Pivot PCR (Vol) 0.78 0.80 7830
More informationTechnical & Derivatives Report
Sensex (25679) / Nifty (7855) Exhibit 1: Nifty Daily Chart Last week of the April month started the proceedings on a soft note citing to negative global cues. Subsequently, the index remained under pressure
More informationKey Market Data Points. Sentiment Indicators MARKET BREADTH
Market Recap The melodramatic month of June ended in style for the domestic markets amid the recovery in the world equity markets. The disturbing news of BREXIT and REXIT were gulped by the participants
More informationINDEX PULLERS & DRAGGERS
Market Recap The benchmark indices marked their seventh losing session today after falling to a fresh 1-1/2-year low on the back of risk aversion ahead of some dismal earnings, including from Tata Consultancy
More informationSupport CNX Nifty 7785 7791-7 -0.09% S1 7759 Nifty Future 7803 7810-7 -0.09% S2 7751 Prem / Disc 18 19 S3 7699 PCR (OI) 0.97 1.04
EAGLE i 6 Jan 16 5-Jan 4-Jan Chg % Chg Support CNX Nifty 7785 7791-7 -0.09% S1 7759 Nifty Future 7803 7810-7 -0.09% S2 7751 Prem / Disc 18 19 S3 7699 PCR (OI) 0.97 1.04 Pivot PCR (Vol) 0.79 0.99 7793 Most
More informationMinda Industries Ltd. INR 886
Jan-15 Mar-15 May-15 Jul-15 Sep-15 Nov-15 Jan-16 India Equity Institutional Research Automobiles RESULT UPDATE Minda Industries Ltd. INR 886 Profit boosted by margins ACCUMULATE In Q3FY16, Minda Industries
More informationWeekly Call. January 11, 2016. dharmesh.shah@icicisecurities.com
January 11, 2016 Weekly Call Research Analysts Dharmesh Shah Nitin Kunte, CMT Dipesh Dagha Pabitro Mukherjee Vinayak Parmar dharmesh.shah@icicisecurities.com nitin.kunte@icicisecurities.com dipesh.dagha@icicisecurities.com
More informationTechnical & Derivatives Report
Sensex (26740) / Nifty (8204) Exhibit 1: Nifty Hourly Chart Yesterday, our markets too opened higher mirroring positive global cues. In fact, after a decent consolidation, the Nifty extended this early
More informationEast India Hotels (EIH) 114
Result Update Rating matrix Rating : Hold Target : 124 Target Period : 12-15 months Potential Upside : 8% What s Changed? Target Changed from 133 to 124 EPS FY16E Unchanged EPS FY17E Changed from 2.8 to
More informationSupport CNX Nifty 7568 7741-173 -2.23% S1 7541 Nifty Future 7582 7750-168 -2.17% S2 7527 Prem / Disc 14 9 S3 7436 PCR (OI) 0.93 0.
EAGLE i 8 Jan 16 7-Jan 6-Jan Chg % Chg Support CNX Nifty 7568 7741-173 -2.23% S1 7541 Nifty Future 7582 7750-168 -2.17% S2 7527 Prem / Disc 14 9 S3 7436 PCR (OI) 0.93 0.94 Pivot PCR (Vol) 0.87 0.76 7600
More informationBulls say happy weekend
A Sharekhan technical research newsletter For 30, 2016 Punter s Call Bulls say happy weekend Market on 27, 2016: Support at 8040 The Nifty opened on a flat note and ended the trading session near the high
More informationSupport CNX Nifty 7751 7701 50 0.65% S1 7717 Nifty Future 7758 7709 49 0.63% S2 7710 Prem / Disc 7 9 S3 7664 PCR (OI) 0.89 0.91
EAGLE i 17 Dec 15 16-Dec 15-Dec Chg % Chg Support CNX Nifty 7751 7701 50 0.65% S1 7717 Nifty Future 7758 7709 49 0.63% S2 7710 Prem / Disc 7 9 S3 7664 PCR (OI) 0.89 0.91 Pivot PCR (Vol) 0.81 0.83 7748
More informationSupport CNX Nifty 7732 7838-106 -1.35% S1 7708 Nifty Future 7732 7853-121 -1.54% S2 7694 Prem / Disc 0 15.1 S3 7603 PCR (OI) 0.68 0.
EAGLE i 19 Nov 15 18-Nov 17-Nov Chg % Chg Support CNX Nifty 7732 7838-106 -1.35% S1 7708 Nifty Future 7732 7853-121 -1.54% S2 7694 Prem / Disc 0 15.1 S3 7603 PCR (OI) 0.68 0.70 Pivot PCR (Vol) 0.84 0.78
More informationINDEX PULLERS & DRAGGERS
Market Recap It was a range bound session for our domestic markets amid the firm global cues. However, the momentum remained subdued only for the benchmark indices and not for the individual stocks. The
More informationEast India Hotels (EIH) 109
Result Update Rating matrix Rating : Hold Target : 1 Target Period : 12-15 months Potential Upside : -8% What s Changed? Target Changed from 124 to 1 EPS FY17E Changed from 2.3 to 2. EPS FY18E Introduced
More informationSupport CNX Nifty 7741 7785-44 -0.56% S1 7715 Nifty Future 7750 7803-53 -0.68% S2 7705 Prem / Disc 9 18 S3 7644 PCR (OI) 0.94 0.97
EAGLE i 7 Jan 16 6-Jan 5-Jan Chg % Chg Support CNX Nifty 7741 7785-44 -0.56% S1 7715 Nifty Future 7750 7803-53 -0.68% S2 7705 Prem / Disc 9 18 S3 7644 PCR (OI) 0.94 0.97 Pivot PCR (Vol) 0.76 0.79 7754
More informationButterfly Gandhimathi (GANAP) 188
Result Update Rating matrix Rating : Buy Target : 240 Target Period : 12 months Potential Upside : 27% What s changed? Target EPS FY16E EPS FY17E Rating Quarterly performance Unchanged Unchanged Unchanged
More informationWhy ECB QE is Negative for Commodities. Investment Research & Advisory. Deltec International Group
Atul Lele alele@deltecinv.com +1 242 302 4135 David Munoz dmunoz@deltecinv.com +1 242 302 4106 David Frazer dfrazer@deltecinv.com +1 242 302 4156 Why ECB QE is Negative for Commodities Recent ECB Quantitative
More informationHow To Trade Call Options In India
EAGLE i 23 Oct 15 21-Oct 20-Oct Chg % Chg Support CNX Nifty 8252 8262-10 -0.12% S1 8216 Nifty Future 8262 8254 8 0.10% S2 8207 Prem / Disc 11-7.8 S3 8148 PCR (OI) 1.30 1.27 Pivot PCR (Vol) 1.22 1.09 8524
More informationSupport CNX Nifty 7564 7601-38 -0.49% S1 7499 Nifty Future 7584 7605-21 -0.28% S2 7486 Prem / Disc 20 4 S3 7401 PCR (OI) 0.87 0.88
EAGLE i 12 Jan 16 11-Jan 8-Jan Chg % Chg Support CNX Nifty 7564 7601-38 -0.49% S1 7499 Nifty Future 7584 7605-21 -0.28% S2 7486 Prem / Disc 20 4 S3 7401 PCR (OI) 0.87 0.88 Pivot PCR (Vol) 0.85 0.82 7554
More informationSupport CNX Nifty 7510 7564-54 -0.71% S1 7479 Nifty Future 7534 7584-50 -0.66% S2 7467 Prem / Disc 24 20 S3 7390 PCR (OI) 0.84 0.
EAGLE i 13 Jan 16 12-Jan 11-Jan Chg % Chg Support CNX Nifty 7510 7564-54 -0.71% S1 7479 Nifty Future 7534 7584-50 -0.66% S2 7467 Prem / Disc 24 20 S3 7390 PCR (OI) 0.84 0.87 Pivot PCR (Vol) 0.81 0.85 7529
More informationEquity Bazaar. Indian Markets SENSEX 27,002 0.88% NIFTY 8,270 0.81% SGX Nifty* 8,090-2.60%
Today, We may witness gap down opening in Nifty around 8100 level on back of SGX Nifty and other Asian counters which is trading on positive note today. Bulls which woke up in last leg of trade mainly
More informationCommodities not finding much traction despite USD weakness
Commodities not finding much traction despite USD weakness Commodities continued to show weakness into the second week of 2013 despite rising stock markets and a falling US dollar. Investors are generally
More informationMutual Fund Category Analysis Banking Sector Funds
November 18, 2014 Mutual Fund Category Analysis Banking Sector Funds Key Facts: What are they? Banking Sector funds are equity oriented schemes investing predominantly in the banking stocks. Banking Category:
More informationKotak Mahindra Bank Rs 685
India Equity Institutional Research BANKS RESULT UPDATE Kotak Mahindra Bank Rs 685 Smooth merger; benefits to accrue HOLD KMB s consolidated PAT for Q4FY15 stood at INR 9.5 that primarily on the back of
More informationSupport CNX Nifty 8051 8066-15 -0.19% S1 8003 Nifty Future 8076 8095-19 -0.23% S2 7995 Prem / Disc 25 28.9 S3 7946 PCR (OI) 0.98 0.
EAGLE i 3 Nov 15 2-Nov 30-Oct Chg % Chg Support CNX Nifty 8051 8066-15 -0.19% S1 8003 Nifty Future 8076 8095-19 -0.23% S2 7995 Prem / Disc 25 28.9 S3 7946 PCR (OI) 0.98 0.94 Pivot PCR (Vol) 0.97 0.81 8036
More informationEconomic Data. International Market Recap. September 21, 2015. September 18, 2015
Economic Data September 18, 2015 Country Economic Data Actual Expected Previous JPY BoJ Minutes EUR Eurozone Current Account (EUR) Jul 22.6B 21.3B 25.4B CAD CPI M/M Aug 0.00% 0.00% 0.10% CAD CPI Y/Y Aug
More informationRenminbi Depreciation and the Hong Kong Economy
Thomas Shik Acting Chief Economist thomasshik@hangseng.com Renminbi Depreciation and the Hong Kong Economy If the recent weakness of the renminbi persists, it is likely to have a positive direct impact
More informationSAIL (SAIL) 56. Dismal performance. Result Update. ICICI Securities Ltd Retail Equity Research. August 17, 2015
Result Update Rating matrix Rating : Sell Target : 50 Target Period : 12 months Potential Upside : -11% What s Changed? Target Changed from 60 to 50 EPS FY16E Changed from 4.8 to 1.1 EPS FY17E Changed
More informationNivesh Daily Currency
Nivesh Daily Currency 15 July, 2016 Currency Pivot Levels Currency % OI % Prev OI Close Pair Change Change %Change R * Pivot S* USDINR 67.03-0.25 0.67 1.93 67.1517 67.0583 66.9167 URINR 74.60 0.34-1.43
More informationBharti Infratel (BHAINF) 370
Result Update Rating matrix Rating : Buy Target : 500 Target Period : 12 months Potential Upside : 35% What s changed? Target Changed from 530 to 500 EPS FY16E Changed from 12.1 to 12 EPS FY17E Changed
More informationNivesh Daily Currency
Nivesh Daily Currency February 3, 2016 Currency Pivot Levels Currency % OI % Prev OI Close Pair Change Change %Change R * Pivot S* USDINR 68.27 0.20 6.75-3.2 68.3550 68.2025 68.1175 EURINR 74.50 0.67 20.16-10.6
More informationFederal Bank (FEDBAN) 50
Result Update Rating matrix Rating : Sell Target : 45 Target Period : 12 months Potential Upside : -10% What s Changed? Target Changed from 60 to 45 EPS Changed from 4.7 to 4.0 EPS Changed from 5.4 to
More informationINDEX PULLERS & DRAGGERS
Market Recap It was almost a black Thursday kind of feel on the Dalal Street in today s session. Although the benchmark indices maintained their losing streak for the fourth consecutive session but today
More informationMutual Fund Category Analysis Pharma Sector Funds
November 26, 2014 Mutual Fund Category Analysis Pharma Sector Funds Key Facts: What are they? Pharma Sector funds are equity oriented schemes investing predominantly in the pharmaceutical stocks. Pharma
More informationShares as Margin (SAM) Investments on Your Fingertips
Shares as Margin (SAM) Contents: What are the needs of investors/traders? What is Shares as Margin (SAM)? What are the benefits of Shares as Margin (SAM)? Why choose Shares as Margin (SAM)? How can Shares
More informationHSBC India Global Markets overview PUBLIC
HSBC India Global Markets overview Part 1. Hedging FX and Rate Exposures FX and Rates Market Overview FX Spot and Forwards Very Liquid spot market estimated daily volume of USD 5 billion Over 15 active
More informationAugust 2, 2013 Crude Palm Oil Recap
Page 1 of 5 Crude Palm Oil Recap BMD CPO Previous Open High Low Close Net % % Vol. Volume OI OI Aug-2013 2293 2270 2290 2270 2300 7 0.31 21-87.79 1055-1 Sep-2013 2266 2266 2284 2251 2280 14 0.62 1776-38.44
More informationImproved US data halts gold while supporting oil
Improved US data halts gold while supporting oil The first week of the last quarter brought a host of important economic data culminating with the US unemployment report which turned out to be better than
More informationCIO Flash Revisions to our 2016 global outlook Jan 25, 2016
CIO Flash Revisions to our global outlook Jan 25, +++ CIO FLASH +++ CIO FLASH +++ CIO FLASH +++ CIO FLASH +++ CIO FLASH +++ CIO FLASH +++ CIO FLASH +++ CIO FLASH +++ CIO FLASH The global macro picture:
More informationHEG Ltd (HEG) 160. Performs well. Result Update. ICICI Securities Ltd Retail Equity Research. November 10, 2015
Result Update Rating matrix Rating : Hold Target : 175 Target Period : 12 months Potential Upside : 9% What s Changed? Target Changed from 185 to 175 EPS FY16E Unchanged from 9.1 to 9.5 EPS FY17E Unchanged
More informationEconomic Data. November 20, 2015. November 19, 2015
Economic Data November 19, 2015 Country Economic Data Actual Expected Previous JPY BoJ Monetary Policy Statement NZD PPI Inputs Q/Q Q3 1.60% 0.10% -0.30% NZD PPI Outputs Q/Q Q3 1.30% 0.20% -0.20% JPY Trade
More informationNivesh Daily Currency
Nivesh Daily Currency February 10, 2016 Currency Pivot Levels Currency % OI % Prev OI Close Pair Change Change %Change R * Pivot S* USDINR 68.13-0.08-5.44-6.96 68.3367 68.2183 67.9942 EURINR 76.35 0.62
More informationDAILY COMMODITY TECHNICAL
DAILY COMMODITY TECHNICAL Trade Strategies Navin Nair navin.nair@emkayglobal.com 022-6624-2386 Commodity Trading Strategies for the day Commodity Strategy Levels Target Stop-Loss Precious Metals Gold Dec
More informationTax Saving opportunity in Equity Linked Saving Schemes
Tax Saving opportunity in Equity Linked Saving Schemes Analyst Rachana Makhija rachana.makhija@destimoney.com Destimoney Research Why Invest in Tax-Saving Mutual Fund (ELSS) Equity linked savings schemes
More informationResearch Desk Stock Broking. Morning Moves 19 th November, 2015. March 21, 2014 , 2012. Global Indices Market. MarketBuzz. Sectoral Gainers/Losers
Global Indices Market Global Indices (Close) (Pts) Chg(%) SGX Nifty* 7794.00 69.00 0.89 Dow Jones 17737.16 247.66 1.42 NASDAQ 5075.20 89.19 1.79 S&P 500 2083.58 33.14 1.62 FTSE 100 6278.97 10.21 0.16 Nikkei
More informationBUY Target: 215p. Strategic impact: cross-selling. Financial impact: good value
UK Daily Letter 1 K3 Business Technology Group KBT : AIM : 144p BUY Target: 215p Bob Liao, CFA 44.20.7050.6654 bliao@canaccordgenuity.com COMPANY STATISTICS: 52-week Range: 0.82-1.50 Avg. Daily Vol. (000s):
More informationGold Recap. Spread JAN6 FEB6 APR6 JUN6 DEC5 1.3 1.3 0.6-0.3 JAN6 - -0.7-1.6 FEB6-0.7-1.6 APR6-0.9. OI Gold. Chg.
Economic Data December 21, 2015 Country Economic Data Actual Expected Previous JPY All Industry Activity Index M/M Oct 1.00% 0.80% -0.20% JPY BoJ Monthly Report EUR German PPI M/M Nov -0.20% -0.20% -0.40%
More informationEnergy Daily. Energy Daily Outlook. Market Commentary. Daily Close Price Changes
Energy Daily Energy Daily 07 January 2016 Brought to you by Phillip Futures Pte Ltd (A member of PhillipCapital) Daily Close Price Changes Product (NYMEX) 6-Jan 1d chg % Change WTI Feb'16 33.97-2 -5.9%
More informationIn line performance. Results update 4Q2015. Banks UAE 28 January 2016 DUBAI ISLAMIC BANK
28 Jan 15 28 Apr 15 28 Jul 15 28 Oct 15 DUBAI ISLAMIC BANK In line performance Results update 4Q2015 Banks UAE 28 January 2016 Dubai Islamic Bank s (DIB) reported net profit of AED865mn, in-line with our
More informationRetail Research. Morning Report. Market Overview. Stock View. January 21, 2016. Indices
Retail Research January 21, 2016 Morning Report Market Overview The Indian equity market saw panic selling due to global sell-off and Nifty made low of 7241 before a sharp recovery. Metal & Banking stock
More informationCompany Overview. Financial Performance
Jan/15 Feb/15 Mar/15 Apr/15 May/15 Jun/15 Jul/15 Aug/15 Sep/15 Oct/15 Nov/15 Dec/15 SPS Finquest Ltd CMP: 84.60 January 13, 2015 Stock Details BSE code 538402 BSE ID SPS Face value ( ) 10 No of shares
More informationFirstsource Solutions (FIRSOU) 31
Result Update Rating matrix Rating : Buy Target : 45 Target Period : 12 months Potential Upside : 45% What s changed? Target EPS FY16E EPS FY17E Rating Unchanged Unchanged Unchanged Unchanged Quarterly
More informationHCC BUY. Infrastructure January 29, 2016
Jan-15 Mar-15 Apr-15 May-15 Jul-15 Aug-15 Sep-15 Nov-15 Dec-15 Jan-16 India Research Infrastructure January 29, 2016 QUARTERLY REVIEW Bloomberg: IN Reuters: HCNS.BO BUY Better margins drive earnings s
More informationCurrencies Daily Report Monday, June 27, 2016
CONTENTS Market Overview Daily Analysis with fundamental and technical outlook US Dollar Indian Rupee Euro Sterling Pound Japanese Yen Economic Indicators Heena Imtiaz Naik Research Associate Currency
More informationELSS. Tax savings plus equity investment. MF Update. ICICI Securities Ltd Retail Mutual Fund Research. January 5, 2016
MF Update January 5, 216 Tax savings plus equity investment ELSS Equity linked savings schemes (ELSS) are equity diversified schemes that are eligible for tax benefits under Section 8C of the Income Tax
More informationNatco Pharma (NATPHA)
Result Update Rating matrix Rating : Hold Target : 378 Target Period : 12 months Potential Upside : 5% Key Financials ( crore) FY11 FY12 FY13E FY14E Revenues 444.9 518.5 635. 727.5 EBITDA 86.8 115.5 14.7
More informationInstallation. Getting Started
2 Installation Getting Started Supported by Internet Explorer 6 and above Silverlight Application Free Download Works on all Windows OS Self explanatory process to Install Silverlight Link- https://ria.icicidirect.com
More informationFOMC review Less confident Fed likely to stay on hold in March as well
Investment Research General Market Conditions 27 January 2016 FOMC review Less confident Fed likely to stay on hold in March as well As expected, the Fed funds target rate was unchanged at 0.25%-0.50%.
More informationResearch Commodities El Niño returns grains and soft commodities at risk
Investment Research General Market Conditions 20 May 2015 Research Commodities El Niño returns grains and soft commodities at risk Meteorologists now agree that El Niño has arrived and project that it
More informationEconomic Data. October 30, 2015. October 29, 2015
Economic Data October 29, 2015 Country Economic Data Actual Expected Previous NZD RBNZ Rate Decision 2.75% 2.75% 2.75% JPY Industrial Production M/M Sep 1.00% -0.60% -1.20% AUD Import Price Index Q/Q Q3
More informationVRL Logistics. IPO Review. Price band 195 205. ICICI Securities Ltd Retail Equity Research
IPO Review Rating matrix Rating : Unrated Issue Details Issue opens 15-Apr-15 Issue closes 17-Apr-15 Issue size ( crore) 451-468 No of shares on offer (crore) 2.28 Fresh Issue 0.58 PE Exit 1.70 QIB 50%
More informationFOMC preview Fed set to keep door open for a June hike
Investment Research General Market Conditions 14 March 2016 FOMC preview Fed set to keep door open for a June hike We expect the Fed to keep the Fed funds target rate unchanged at 0.25-0.50% at this week
More informationEPIC RESEARCH REPORT DAILY INTERNATIONAL FOREX
21-July-2016 EPIC RESEARCH REPORT DAILY INTERNATIONAL FOREX INTERNATIONAL CURRENCY BUZZ Forex - GBP/USD edges higher after U.K. employment data Forex - Aussie holds steady, kiwi edges higher in late trade
More informationMorning Call. Nifty Intraday Chart. Nifty Levels. Key Indices. Market Outlook: Nifty Levels. February 13, 2012 www.naviamarkets.
Nifty Closing 5382 Points -30 Change in % -0.57% Sensex Closing 17748 Points -82 Change in % -0.46% Nifty Intraday Chart Key Indices Index Close Change % Change NIFTY JUNIOR 10357.40 +26 +0.25% CNX IT
More informationINDEX PULLERS & DRAGGERS
Market Recap Once again the domestic market maintained its losing streak on the back of continuous fund outflows and the global selling due to the concerns over falling crude oil prices. The benchmark
More informationCoal India (COALIN) 318
Result Update February 16, 2016 Rating matrix Rating : Buy Target : 375 Target Period : 12 months Potential Upside : 18% What's Changed? Target Changed from 400 to 375 EPS FY16E Unchanged from 23.0 to
More informationEconomic Outlook: Poland
Economic Outlook: Poland June 2012 Global Economic Research (SQEE) Nora Wassermann, Research Analyst Phone +4144 333 57 41 Nora.wassermann@credit-suisse.com Size of the economy Source: Datastream, Credit
More informationUS Labour Market Monitor July report set to attract much attention as both employment and growth have slowed in 2016
Investment Research General Market Conditions 02 August 2016 US Labour Market Monitor July report set to attract much attention as both employment and growth have slowed in 2016 Jobs report preview We
More informationDanske Bank May 4th 2016 Economic Update,
Monthly update: 4 May 2016 Danske Bank Chief Economist, Twitter: angela_mcgowan Local job and investment announcements during April 2016: Over the month of April 2016 there were no new job announcements
More informationBOURSE SECURITIES LIMITED
Price per barrel ($) Price per mmbtu ($) BOURSE SECURITIES LIMITED May 4 th, 2015 Oil prices up, Investors gain Today we at Bourse discuss the recent recovery in global oil prices and consider some of
More informationMorning Buzz. Research Picks INDIA. India IT Services: Mixed quarter from Accenture. 21 December 2015
Morning Buzz INDIA Research Picks 21 December 2015 India IT Services: Mixed quarter from Accenture This report has been prepared by Religare Capital Markets Limited or one of its affiliates. For analyst
More informationVolume XV: January December 2015
BIST TRENDS REPORT By TUYID TURKISH INVESTOR RELATIONS SOCIETY & MKK CENTRAL REGISTRY AGENCY Volume XV: January December 2015 January 15, 2016 1 / 22 January 15, 2016 Dear Readers, We proudly present Volume
More informationBond markets vote for global recovery
Bond markets vote for global recovery Weekly Market View 11 May 2015 1 % Euro area recovery, oil rebound lead to bond sell-off German bund yields recovered from record low levels, leading a surge in global
More informationBUY. Muted Q3; Brands & Retail story to unfold ARVIND. Target Price: Rs 344. Segmental highlights
05 FEB 2016 Quarterly Update BUY Target Price: Rs 344 Muted Q3; Brands & Retail story to unfold Arvind s Q3 consolidated revenue at Rs 21.6 bn (Rs 20.7 bn in Q3FY15) was marginally below our estimate of
More informationEconomic Data. October 01, 2015. September 30, 2015. October 01, 2015
Economic Data September 30, 2015 Country Economic Data Actual Expected Previous NZD Building Permits M/M Aug -4.90% 20.40% GBP GfK Consumer Sentiment Sep 3 5 7 JPY Industrial Production M/M Aug P -0.50%
More informationModel Portfolio update
Model Portfolio update May 13, 216 Latest Deal Team Model Portfolio At Your Service Large cap Auto 14. Tata Motor DVR 4. Bosch 3. Maruti 4. EICHER Motors 3. BFSI 23. HDFC Bank 8. Axis Bank 3. HDFC 8. Bajaj
More informationOil prices tumble as speculative bubble burst
Oil prices tumble as speculative bubble burst The financial and sovereign debt crisis continues to set the agenda for almost every investment decision being taken at the moment. During May the crisis in
More informationMOSt Market Outlook 17th, August 2015
Nifty Outlook News Nifty Immediate Heaviest Heaviest Support Call Put 8519 8300 8700 (4.9mn) 8200(6.6mn) Nifty took support in the expected zone of 8300-8350 and has witnessed a swift reversal from there.
More information